SAN FRANCISCO -- Applied Materials Inc. has raised its fab tool growth forecast--again.
Citing the upturn, the company's fab tool business is expected to grow greater than 140 percent in 2010, compared to greater than 120 percent in the previous forecast.
During an analyst meeting at Semicon West, Michael Splinter, chairman, president and chief executive of Applied Materials, provided data about the company and the industry. Here’s some of what he said during the meeting:
1. *''Demand looks like it will be a multi-year cycle.’’
2. *A big reason for IC demand is China.
3. *Applied is now tracking ''14 new fabs,’’ as opposed to 11 plants.
4. *The wafer fab equipment market is expected to hit $26-to-$28 billion.
5. *The solar rooftop market is seeing strong growth.